Shares of Layne Christensen Company (NASDAQ:LAYN) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Analysts have set a 12-month consensus target price of $9.00 for the company and are forecasting that the company will post ($0.18) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Layne Christensen an industry rank of 159 out of 265 based on the ratings given to related companies.

A number of research analysts recently commented on LAYN shares. Zacks Investment Research raised Layne Christensen from a “strong sell” rating to a “hold” rating and set a $10.00 price target on the stock in a report on Saturday, June 10th. ValuEngine raised Layne Christensen from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price target on shares of Layne Christensen in a report on Friday, August 4th.

Layne Christensen (NASDAQ:LAYN) traded up 0.10% during trading on Thursday, reaching $9.70. 32,074 shares of the company’s stock traded hands. Layne Christensen has a 52-week low of $6.98 and a 52-week high of $11.42. The company’s 50 day moving average is $9.94 and its 200-day moving average is $8.93. The stock’s market cap is $192.11 million.

Layne Christensen (NASDAQ:LAYN) last posted its quarterly earnings results on Thursday, June 8th. The construction company reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.14. Layne Christensen had a negative return on equity of 31.94% and a negative net margin of 11.98%. The company had revenue of $111.51 million for the quarter, compared to analysts’ expectations of $111.25 million. During the same period in the previous year, the firm earned ($0.45) EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, analysts anticipate that Layne Christensen will post ($0.45) earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of LAYN. Parametric Portfolio Associates LLC boosted its stake in shares of Layne Christensen by 779.7% in the first quarter. Parametric Portfolio Associates LLC now owns 447,331 shares of the construction company’s stock valued at $3,954,000 after buying an additional 396,481 shares during the period. Royce & Associates LP raised its stake in Layne Christensen by 5.8% in the first quarter. Royce & Associates LP now owns 1,884,972 shares of the construction company’s stock valued at $16,663,000 after buying an additional 103,443 shares during the last quarter. Cove Street Capital LLC raised its stake in Layne Christensen by 100.0% in the second quarter. Cove Street Capital LLC now owns 200,000 shares of the construction company’s stock valued at $1,758,000 after buying an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Layne Christensen by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,135,219 shares of the construction company’s stock valued at $10,035,000 after buying an additional 96,511 shares during the last quarter. Finally, Crystal Rock Capital Management raised its stake in Layne Christensen by 75.1% in the second quarter. Crystal Rock Capital Management now owns 197,648 shares of the construction company’s stock valued at $1,737,000 after buying an additional 84,795 shares during the last quarter. 91.02% of the stock is currently owned by institutional investors and hedge funds.

Layne Christensen Company Profile

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.

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